Buying META call contracts.

Facebook parent Meta Platforms (META) has been under pressure all year.

The company’s heavy investment in building out the “metaverse” has caused investors to worry about founder Mark Zuckerberg’s focus and direction.

Still despite the challenges, META is expected to earn $8.19 per share next year — with potential for significant growth in years to come.This week, META announced widspread layoffs.

This could signal to investors that META is willing to make the tough decisions necessary to regroup and focus on running a profitable business.

With shares extremely oversold, there is strong potential for a sharp multi-week rebound. Our call contracts will give us a chance to participate in that bounce, while protecting some of our investment if the play does not pan out.

• Buy (to open) 6 META December 16th $90 Calls
• Limit $16.50 or less
• The new position will represent roughly 8.0% of our Spec Model capital

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• Executed 10:55
• BOT 6 META Dec 16th $90 Calls @ $15.39